Uttaran Five Million Deposit Scheme

(Updated as on 05-Mar-2024)

Introduction :
“Uttaran Five Million Deposit Scheme” is the account where you can deposit your money in installment with full confidence. It’s an account tailor made to provide you very good return for different tenure – making it the classic choice for you. You can deposit here in single or joint name.
 
Best for you if you have
•    The willingness of regular Savings
•    The requirement of the highest safety of your money
 
Features :
•    More than one account can be opened
•    Pre-matured Encashment facility on condition
•    Monthly installment amount  may be realized  from  the  customer's  personal UBPLC savings/current  account
•    The account may be transferred to any branch at the request of the account holder(s).
•    Tenor of Scheme is 1-15 years. Account holder(s) has/have an option to choose any tenor at the time of opening of the account. There is no scope to alter the tenor later.
•    Account holder(s) may change his/her/their nominee(s) at any time.
•    In case of account holder(s) death before maturity of the account, nominee(s) may be allowed to continue the account by depositing the rest monthly installment(s) with the permission of the competent authority.
•    Account will be matured when complete its tenor with all installments

Premature encashment:

 
Monthly Installment & Maturity Amount:

    
           
*Payable amount might be changed; Govt. Tax/Duty would be paid by the client.
 
Schedule of deposit:
a) First installment to be deposited at the time of account opening and rest of the monthly installments to be deposited on or before the 10th day of each month, failing which penal interest will be imposed @ 1% per month on installment amount for each irregular installment(s). If the 10th day of any month becomes govt. holiday, account holder(s) will deposit on the following working day without penalty. Installment(s) in advance may be allowed.
b) Account will be closed if account holder(s) fails to deposit 3 (three) consecutive installments.
 
Eligibility :
•    Minimum Age: 18 years
•    Bangladeshi Citizen
 
Required Documents :
•    02 (two) copies of recent PP size Photograph
•    Photocopy NID/Passport/Birth Registration Certificate (BRC) of the applicant(s)
•    Application for opening account (available at all branches)
•    1(One) copy of recent photograph & photocopy of NID/Passport/Birth Registration Certificate (BRC) of Nominee(s).

Charges:
•    a)  Bank will deduct applicable charges from the A/C as per schedule of charges.
•    b) All Govt. Charges will be deducted as per prevailing govt. rule. 
 
Mandatory Rules:
•    Money Laundering Prevention Act-2012 (and all its amendments thereafter), Anti-Terrorist Act-2009 (and all its amendments thereafter) and Bank Company Act-1991 & 2013 (and all its amendments thereafter) will be applicable. 

Special Instruction:
•    Customer(s) will inform the bank in writing if any changes of Customer’s data i.e. address, phone number etc. without delay. 

Facilities: Loan may be availed
•    Loan facility may be availed up to 80% of total deposited amount.

Cheque Book:
•    No Cheque Book will be issued against the account.